Driehaus Capital Management LLC Takes Position in Lennox International Inc. (NYSE:LII)

Driehaus Capital Management LLC acquired a new position in Lennox International Inc. (NYSE:LII) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 20,776 shares of the construction company’s stock, valued at approximately $11,115,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LII. Rhumbline Advisers increased its holdings in shares of Lennox International by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock worth $53,060,000 after buying an additional 2,958 shares during the last quarter. Achmea Investment Management B.V. increased its stake in Lennox International by 7.3% in the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after acquiring an additional 5,673 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after purchasing an additional 6,041 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Lennox International by 2.7% during the first quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock worth $17,943,000 after purchasing an additional 950 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of Lennox International in the 1st quarter worth about $15,416,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LII has been the topic of a number of research reports. The Goldman Sachs Group raised their price objective on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Barclays boosted their price objective on shares of Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Royal Bank of Canada increased their target price on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. KeyCorp boosted their price target on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company cut Lennox International from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $550.00 to $570.00 in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $555.00.

Insider Buying and Selling

In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the sale, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Sherry Buck sold 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the transaction, the director now directly owns 2,193 shares in the company, valued at approximately $1,279,549.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. The disclosure for this sale can be found here. Insiders sold a total of 13,052 shares of company stock valued at $7,563,793 over the last three months. Corporate insiders own 10.40% of the company’s stock.

Lennox International Trading Down 1.8 %

NYSE LII opened at $604.87 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. Lennox International Inc. has a fifty-two week low of $334.53 and a fifty-two week high of $627.09. The stock has a market cap of $21.55 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.07. The stock has a 50 day simple moving average of $576.06 and a two-hundred day simple moving average of $527.71.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $6.15 earnings per share. On average, analysts forecast that Lennox International Inc. will post 20.32 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, September 30th. Lennox International’s dividend payout ratio is currently 26.65%.

Lennox International Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.